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Tuesday, February 21, 2012

Ah Choo…! Caught a cold! So did the Europeans…

Hi guys, I just got back from Seoul and I’m suffering right now. My throat is sore, my head is aching and I feel like shit. I suppose its part of my job’s many potential hazards. Catching colds, dry skin from the constant different weathers and all makes life all that more interesting. I have been going to Seoul often that my body is starting to complain about the abuse.

The world caught a cold from Greece’s excesses last year. The years of Greeks making a national sport of tax avoidance meant years of deficits and eventually the country has to pay. With the European banks effectively getting bailouts from their governments, the stock markets rallied and guess what!

We are in the middle of a bull run in case you have not noticed. Asia seems hardly affected by the rest of the world events.

Singapore’s real estate sector seems highly resilient after that the most draconian cooling property measures in the world were imposed on this little island state. I am not that surprised as years of under-building, population boom and low interest rates have all conspired to support prices. This has stumped many junior analysts who have missed the point.

However, what goes up will come down once the dust settles. It is rather interesting times and for those of you who are praying for a crash, I hope you can forgive me if I am dashing your hopes as I simply don’t see it coming. I will reveal more at Asian Titan Trends. See you there. Out of the 500 seats, 400+ are already gone. So make hay while the sun shines!

Hi Guys! I am writing to you from the air again. This time I am on the way back from the Land of the Rising Sun. I cannot feel but a little ...

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Andy OngFounder of ERC Holdings

Andy Ong Siew Kwee currently serves as the Founder of ERC Holdings. Under his leadership, the parent group has since established strong foothold in four business silos namely education ERC Institute , hospitality, training and property investment within two decades.

Ong is a strong believer in enabling startups and young brands reach their potential. Together with a group of partners, he founded the Entrepreneur’s Resource Centre (ERC) to help budding entrepreneurs transform their business ideas into sustainable models.

The recent venture into a co-working space; BIGWork , an ideation incubator lab; BIGFund and an immersive startup fitness concept; BIGFitness is a testament to Ong’s vision of staying at the forefront of innovation.

In the fashion of undying entrepreneurial spirit, Ong also pursued opportunities out of the education and training space. The BIGHotel was set up in 2013, and was later sold in a multi-million dollar deal.

To date, Ong has built a strong portfolio in a wide range of industries; he is the owner of several businesses in education, training, print media and property investments with a combined annual turnover of $200 million.

A multi-faceted talent, Ong is an author and a seasoned property investor too.

Ong has been featured on major media outlets such as CNBC, Bloomberg and The Straits Times.